Ex-Fortress H.K. Head Plans Hedge Fund, Document Says

Bloomberg – Stanley Ku, former head of Fortress Investment Group LLC’s Hong Kong office, plans to start an Asia- focused hedge fund to profit from macroeconomic developments, according to a marketing document given to potential investors.

Minerva Macro Fund, to be managed by Hong Kong-based Ku, will start investing in early August, two people with knowledge of the plan said. It seeks to generate annual returns of 12 percent to 22 percent trading stocks, interest rate, currency and commodity instruments in large and liquid markets, according to the document, obtained by Bloomberg.